Premiums in Europe rise for first time since March
- The LME three-month zinc price fell to $2,758 per tonne on Monday at the close, renewing interest for spot demand.
- Zinc demand remains strong in the US despite automotive output cut.
- Shanghai zinc premium steady on larger arbitrage losses over March.
- Improved Southeast Asian demand boosts secondary lead premium.
- Indian lead premiums steady at the start of Ramadan.
Spot premiums for special high grade (SHG) zinc ingots in Northern Europe rose for the first time since March 9 on Tuesday. Fastmarkets assessed the zinc SHG, min 99.995% ingot premium, dp fca Antwerp
and the zinc SHG 99.995% ingot premium, dp fca Rotterdam
at $100-108 per tonne, both up from $95-107 per tonne.
Market participants in the area noted "a bit more activity since the price came off" at the start of the...